Virtual Payment (POS) Terminals Market: The March towards a 'Cashless Future'

With the recent trend of going 'cashless', there has been a subsequent rise in the adoption cashless digitalized payment systems. Small businesses, in particular, will serve as a vital growth platform for virtual Point of Sale terminals. This is mainly because they refrain from investing in complex hardware and systems, making virtual terminals an indispensable resource for accepting online payments. Virtual terminals have gained their very own eminence with advancements in mobile applications, and the mounting need to enhance merchant and consumer interactions. Businesses are focusing on adapting to the new digital consumer behavior by replacing traditional payment systems with virtual payment (POS) terminals.

However, with intensified competition in global markets, companies are facing challenges in terms of meeting the rising customer needs for safety and security in processing transactions. Manufacturers have used this restraint to their benefit by integrating data encryption or tokenization into their virtual payment platforms, thereby enhancing security in payment processes. These strides towards a cashless future have compelled TMR analysts to conduct an in-depth analysis of the virtual payment (POS) terminals market. In its new study, TMR highlights the key drivers and changes in consumer behavior that are unlocking growth opportunities in the industry.

virtual payment pos terminals market winning imperatives

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Walk through the Market’s Evolutionary Timeline

The payments industry is a complex space that has been seeing spinning transition, with numerous companies offering advanced payment options to climb up the digital space. Electronic payment terminals existed long before the Internet era, with retailers increasingly adopting solutions from hardware manufacturers such as Ingencio and Hypercom. The landscape of terminal payments completely transformed with the emergence of the internet, as it led to the inundation of new online POS terminals. This technology has seen tremendous evolution from the launch of TWINPOS G Series in 2011 to the development of TWINPOS G5100Li POS models in 2018.

With a ballooning e-Commerce industry and the emergence of multiple payment gateways, the virtual payment (POS) terminals market is anticipated to grow at a promising CAGR of ~ 28%, and reach the mark of ~ US$ 78 Bn by the end of the forecast period.   

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Key Trends that are Worth Paying Attention To

Digital Wallets to Remain at the Forefront

Not only do digital payment systems offer a speedy shopping experience, but they instill a sense of security among consumers by eliminating the need to enter credit or debit card details over and over again. Moreover, digital wallet companies are increasingly providing digital wallet solutions that are easy to integrate. The e-Commerce sector, in particular, has proven to be the focal point for the growth of digital wallet solutions. Reduction in shopping cart abandonment due to cumbersome purchasing procedures is another reason for the growing consumer inclination towards digital wallets.

Expansion of Contactless Payment Terminals

With an increase in the number of services offered on mobile devices, there has been a rise in the adoption of Near Field Communication (NFC) services. This service allows the exchange of data between two mobile devices placed within a few centimeters of each other. Numerous retailers such as Macys, Walgreens, and Target have NFC-based payment terminals in place. When an NFC-integrated smartphone is held near this terminal, it automatically deducts the purchase amount from the card tied to the phone. This technology also offers additional security, as it uses a one-time code instead of the credit or debit card number. In lieu of recent credit and debit card breaches, the future of NFC solutions is expected to shine bright.

virtual payment pos terminals market

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Winning Imperatives to Circumvent Growth in the Market

Offering Loyalty Rewards to Enhance Customer Retention

Merchants are tying loyalty to the use of mobile wallets to drive consumer attention. Loyalty rewards have become the new currency in the space of virtual payment. Rising consumer interest in mobile payments is directly proportional to the value received from using these wallets. In a bid to retain customers, mobile wallet companies such as Google Pay and Amazon are offering loyalty rewards in the form of 'free stuff' and 'discounts' to attract new customers and retain the existing ones.

Bolstering Investments in Developing Regions and Untapped Markets

With the rise in digitalization, numerous countries in Asia and South America highly demand virtual payment terminals across end-use sectors. The extensive use of online shopping platforms and advancements in digital systems are key factors driving the use of virtual payment (POS) terminals in developing regions. Moreover, countries such as India and China are shifting towards a robust digital economy, as cashless payment systems take center stage. Asia Pacific alone accounted for ~ 27% of the virtual payment (POS) terminals market share in 2018, and is expected to reach ~ 48% by 2027. South America remains an untapped market, presenting a significant market space for growth, as the competition is low in this region.

A Glance at the Competitive Landscape

The virtual payment (POS) terminals market features a highly fragmented vendor landscape, with a large number of players competing to develop advanced virtual payment (POS) terminals. Competitive rivalry among players is mainly characterized by new alliances and partnerships to enhance their stronghold in the global virtual payment (POS) terminals market.

Apart from this, new product launches and business expansion are the key winning strategies deployed by players in the virtual payment (POS) terminals market. For example, in April 2018, Samsung Electronics America Inc., a subsidiary of Samsung Electronics, announced its plan to relocate its North Texas campus to Legacy Central in Plano, Texas, U.S. Further, in March 2019, PAX Technology partnered with Secure TablePay to introduce a new facility - Pay-at-the-Table Experience - to restaurants across the U.S.

Leading players in the virtual payment (POS) terminals market include

  • PAX Technology
  • Ingenico Group
  • Shenzhen Xinguodu Technology Company Ltd.

These players have a strong global presence, as they have invested significantly in expanding their virtual payment terminal manufacturing services. Prominent players such as VeriFone Systems Inc. and Fujian Newland Payment Technology Co., Ltd. also have a global presence. However, their market penetration is comparatively lower than the leading players in the virtual payment (POS) terminals market.

Emerging companies in the virtual payment (POS) terminals market include Panasonic Corporation, NCR Corporation, and Squirrel Systems. These companies are strengthening their presence by establishing new facilities and investing heavily in research and development activities to develop advanced software. For instance, in May 2018, Panasonic Corporation launched integrated mobile POS solutions for the Toughpad FZ-G1 rugged tablet and handheld devices for retail and hospitality industries.

virtual payment pos terminals market segmentation

Analysts’ Viewpoint of the Virtual Payment (POS) Terminals Market

TMR analysts opine that, the virtual payment (POS) terminals market will show promising growth during the forecast period, due to the high adoption rate of cashless payment systems. The retail industry is expected to present high growth opportunities for the market’s growth, as retail businesses want to provide their customers with a smooth purchase experience. Developing countries such as India and China are expected to be lucrative for the growth of the virtual payment (POS) terminals market because of a rise in the number of people engaged in online shopping, and the digitalization of economies. Market players should focus on untapped markets such as South America, and develop innovative products with advanced security to consolidate their position in the virtual payment (POS) terminals market.

Virtual Payment (POS) Terminals Definition

  • The virtual payment (POS) terminals market report provides analysis of the global virtual payment (POS) terminals market for the period of 2017–2027, wherein, 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
  • Point of sale (POS) terminals are a digitalized replacement of conventional cash registers. POS terminals are widely used at various stores and retail outlets to process debit and credit card payments. The virtual POS terminal is a web-based version of a physical POS terminal. With growing Internet penetration, many online retailers use virtual POS terminals to accept debit/credit card payments through the Internet.

Virtual Payment (POS) Terminals Market in Brief

  • The global virtual payment (POS) terminals market is projected to register a CAGR of ~ 28% between 2019 and 2027. Online retailers are extensively using virtual payment (POS) terminals due to tremendous Internet penetration among the population and the increasing demand for non-cash transactions. Therefore, the virtual payment (POS) terminals market is expected to expand at a rapid pace in the coming years.
  • The global virtual payment (POS) terminals market is expected to reach ~ US$ 78 Bn by 2027 from ~ US$ 9 Bn in 2018. The growing need to adopt new IT solutions with modern consumer trends across the world is driving the demand for virtual payment (POS) terminals. This is anticipated to propel the virtual payment (POS) terminals market over the forecast period. Moreover, the increasing demand for digitalized payment systems across different industry verticals such as retail, healthcare, warehouses, and food & beverages is expected to fuel the growth of the virtual payment (POS) terminals market in the near future.
  • The virtual payment (POS) terminals market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, followed by the Middle East & Africa.
  • North America accounted for a leading market share of the global virtual payment (POS) terminals market in 2018, while the virtual payment (POS) terminals market in Asia Pacific is anticipated to attain a leading share by 2026. Growth in the retail and hospitality industry in China and India, rapid infrastructure development, rapidly expanding electronic payment industry, speedy advancements in technology, and development of the e-Commerce industry are likely to drive the virtual payment (POS) terminals market in the region.

Key Growth Drivers of the Virtual Payment (POS) Terminals Market

  • Growing trend of e-Commerce – The demand for virtual point of sale (POS) terminals is likely to increase significantly in the next few years due to a rise in consumer demand for cashless payment systems. Web-based payment software solutions help merchants boost sales by receiving orders over smartphones or through mail orders. This is propelling the growth of the virtual point of sale (POS) terminal market across the globe.
  • Integration of digital payment systems - Governments as well banking organizations are presently encouraging digital payments in order to reduce their operating costs and for better visibility of transactions. Thus, the integration of digitalized payment systems is expected to propel the demand for virtual payment (POS) terminals in the near future.

Key Challenges Faced by Virtual Payment (POS) Terminals Market Players

  • Unreliable Internet connectivity is a significant inhibitor to security issues related to online payment transactions. Virtual POS terminals are connected to different processing networks such as Wi-Fi and LAN in order to carry out transactions. Thus, unreliable Internet connectivity is retraining the growth of the virtual payment (POS) terminals market.
  • Security and privacy of confidential data is another crucial factor that is hindering the growth of the virtual payment (POS) terminals market. This is primarily because these online transactions involve extensive personal information related to users’ bank accounts.

Virtual Payment (POS) Terminals Market – Competitive Landscape

  • In February 2018, Ingenico Group introduced Axium, a next-generation Android POS platform digitalizing in-store commerce. This was designed on the open Android platform and Ingenico's Telium Tetra operating systems to converge business and payments.
  • In January 2017, NEC Corporation announced its plan to provide new exclusive point-of-sale (POS) to 8,600 7-Eleven stores across the U.S. and Canada
  • In July 2016, Cisco Systems, Inc. introduced ePOS (electronic Point of Sale), a standardized omni-channel solution for traditional retail in Germany

Some major players operating in the global virtual payment (POS) terminals market and profiled in the report include

  • Ingenico Group
  • VeriFone Systems Inc.
  • PAX Technology
  • Shenzhen Xinguodu Technology Company Ltd.
  • Fujian Newland Payment Technology Co., Ltd.
  • Panasonic Corporation
  • NCR Corporation
  • Squirrel Systems.

Companies are shifting toward product innovation and up-scaling their skills to gain a competitive advantage in the virtual payment (POS) terminals market, apart from maintaining their position in the market.

Frequently Asked Questions

Virtual Payment (POS) Terminals Market Predicted to 28% CAGR during the Forecast Period.

Virtual Payment (POS) Terminals Market Forecast till 2027

Virtual Payment (POS) Terminals Market include VeriFone Systems Inc. and Fujian Newland Payment Technology Co., Ltd.

North America Highly Lucrative Markets

The Virtual Payment (POS) Terminals Market Would be US$ 78 Bn By 2027

Transparency Market Research recently published a report on the virtual payment (POS) terminals market, which offers incisive insights pertaining to the market dynamics and structure. Information presented in the report gives readers an in-depth knowledge of the key happenings in the virtual payment (POS) terminals market. It helps them understand the market’s evolution throughout the forecast period of 2019 to 2027.

The study on the virtual payment (POS) terminals market analyzes various macro and microeconomic factors influencing the market’s expansion. It profiles the key players operating in the market, and provides information pertaining to their product launches and winning strategies. Information presented in the report not only enables strategic decision making but gives a futuristic view of the market. The competitive structure of the leading players in the virtual payment (POS) terminals market has also been included in the study.

The study also provides a thorough assessment of key industry trends, opportunities, drivers, and restraints in the virtual payment (POS) terminals market. It offers a brief executive summary and market snapshot to help readers understand the market’s growth. Further, it sheds light on the reimbursement scenario and regulatory scenario in the virtual payment (POS) terminals market. A regional and country-level assessment has been provided to give readers a holistic view of the virtual payment (POS) terminals market.

Key Questions Answered in the Virtual Payment (POS) Terminals Market Report

Information presented in the study answers key questions pertaining to the historical and current market trends that influence the virtual payment (POS) terminals market’s growth. Some of these questions are:

  • What will be the revenue and sales of the virtual payment (POS) terminals market in 2027?
  • Which region will be the most lucrative for the virtual payment (POS) terminals market’s growth?
  • How have current trends in the virtual payment (POS) terminals market influenced the business strategies deployed by key market players?
  • Which industry will fetch the maximum revenue benefits for the virtual payment (POS) terminals market?
  • What are the regional-level trends instrumental in the virtual payment (POS) terminals market’s growth?
  • How has the virtual payment (POS) terminals market’s growth shaped up throughout the forecast period?
  • Which software platform in the virtual payment (POS) terminals market will hold the highest share in 2027?

Virtual Payment (POS) Terminals Market: Research Methodology

TMR’s study on the virtual payment (POS) terminals market is based on comprehensive primary and secondary research. An evaluation of the current and future market scenario has been provided with the help of qualitative inputs from key market leaders. C-level executives, sales managers, company CEOs, brand managers, and regional managers have been interviewed to understand the market structure. This information is backed by exhaustive secondary research through sources such as company datasheets, press releases, research publications, case studies, and white papers. A top-down and bottom-up approach has been deployed to identify the key market players and calculate their market shares. Readers can access the virtual payment (POS) terminals market report to gain forecasted market assessment for the period of 2019 to 2027.

Virtual Payment (POS) Terminals Market: Taxonomy

The study on the virtual payment (POS) terminals market segments it into three broad categories - solution, industry, and region. Segment-wise assessment of each region has been provided to help stakeholders identify the key growth prospects. Value chain analysis and year-on-year growth projections of each segment have also been included in the virtual payment (POS) terminals market report.

Solution

Software Platforms

  • Device-based
  • Web-based

Professional Services

Industry

Retail

Warehouses

Hospitality

Consumer Electronics

Food & Beverages

Healthcare

Entertainment

Others

Region

North America

Europe

Asia Pacific

Middle East & Africa

South America

Chapter 1 Preface
    1.1 Research Scope
    1.2 Market Segmentation
    1.3 Research Objectives
    1.4 Key Questions Answered
Chapter 2 Assumptions and Research Methodology
    2.1 Report Assumptions
    2.2 Acronyms Used
    2.3 Research Methodology
Chapter 3 Executive Summary
    3.1 Virtual Payment (POS) Terminals Market Snapshot
        3.1.1 Global Virtual Payment (POS) Terminals Market Size (US$ Bn) Forecast, 2017–2027 and Market Dynamics
        3.1.2 CAGR Breakdown
        3.1.3 Regional Outline
        3.1.4 Regional Abstract
        3.1.5 Competition Blueprint
        3.1.6 North America Virtual Payment (POS) Terminals Market Abstract
        3.1.7 Europe Virtual Payment (POS) Terminals Market Abstract
        3.1.8 Asia Pacific Virtual Payment (POS) Terminals Market Abstract
        3.1.9 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Abstract
        3.1.10 South America Virtual Payment (POS) Terminals Market Abstract
Chapter 4 Market Overview
    4.1 Market Taxonomy
    4.2 Product Overview
    4.3 Introduction
        4.3.1 Global Market – Macro Economic Factors
        4.3.2 World GDP Indicator – For Top 20 Economies (2018)
        4.3.3 Global IT Sector Outlook
        4.3.4 Global Virtual Payment (POS) Terminals Market Overview: ICT Spending 
    4.4 Non-Cash Transaction Analysis
    4.5 Pricing Options of Virtual POS System
    4.6 Key Industry Developments
    4.7 Key Trends Analysis
    4.8 Porter’s Analysis 
    4.9 PESTEL Analysis - Global Virtual Payment (POS) Terminals Market 
    4.10 Market Dynamics: Drivers and Restraints Snapshot Analysis
        4.10.1 Drivers
        4.10.2 Restraints
        4.10.3 Opportunity
        4.10.4 Opportunity Analysis
        4.10.5 Impact Analysis of Drivers & Restraints
    4.11 Value Chain Analysis 
    4.12 Global Virtual Payment (POS) Terminals Market Analysis and Forecast, 2017 - 2027
    4.13 Market Opportunity Analysis
        4.13.1 Virtual Payment (POS) Terminals Market Opportunity Analysis – By Region (Global/North America/Europe/Asia Pacific/Middle East & Africa/South America) 
            4.13.1.1 North America Market Opportunity Analysis – By Country (U.S., Canada and Rest of North America) 
            4.13.1.2 Europe Market Opportunity Analysis – By Country (Germany, U.K., France and Rest of Europe) 
            4.13.1.3 Asia Pacific Market Opportunity Analysis – By Country (China, India, Japan and Rest of APAC) 
            4.13.1.4 MEA Market Opportunity Analysis – By Country (GCC, South Africa and Rest of MEA) 
            4.13.1.5 South America Market Opportunity Analysis – By Country (Brazil and Rest of South America) 
    4.14 Global Market Opportunity Analysis 
        4.14.1 By Solutions
        4.14.2 By Industry
    4.15 North America Market Opportunity Analysis
        4.15.1 By Solutions
        4.15.2 By Industry
    4.16 Europe Market Opportunity Analysis
        4.16.1 By Solutions
        4.16.2 By Industry
    4.17 Asia Pacific Market Opportunity Analysis
        4.17.1 By Solutions
        4.17.2 By Industry
    4.18 MEA Market Opportunity Analysis
        4.18.1 By Solutions
        4.18.2 By Industry
    4.19 South America Market Opportunity Analysis
        4.19.1 By Solutions
        4.19.2 By Industry
    4.20 Competitive Scenario and Trends
        4.20.1 Virtual Payment (POS) Terminals Market Concentration Rate
        4.20.2 Mergers & Acquisitions, Expansions
    4.21 Market Outlook
Chapter 5 Virtual Payment (POS) Terminals Market Analysis, By Solutions
    5.1 Key Segment Analysis
    5.2 Overview and Definitions 
    5.3 Key Findings 
    5.4 Global Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Solutions
    5.5 Global Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, By Solutions
        5.5.1 Software Platform
            5.5.1.1 Device Based
            5.5.1.2 Web Based
        5.5.2 Professional Services
Chapter 6 Virtual Payment (POS) Terminals Market Analysis, By Industry
    6.1 Key Segment Analysis
    6.2 Overview and Definitions 
    6.3 Key Findings 
    6.4 Global Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Industry
    6.5 Global Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, By Industry
        6.5.1 Retail
        6.5.2 Warehouse
        6.5.3 Hospitality
        6.5.4 Consumer Electronics
        6.5.5 Food & Beverage
        6.5.6 Health Care
        6.5.7 Entertainment
        6.5.8 Others
Chapter 7 Global Virtual Payment (POS) Terminals Market Analysis, By Region
    7.1 Global Regulatory Scenario 
    7.2 Key Findings
    7.3 Global Virtual Payment (POS) Terminals Market Revenue Share Analysis, By Region
    7.4 Global Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, By Region
        7.4.1 North America
        7.4.2 Europe
        7.4.3 Asia Pacific
        7.4.4 Middle East & Africa
        7.4.5 South America
Chapter 8 North America Virtual Payment (POS) Terminals Market Analysis
    8.1 Key Trend Analysis
    8.2 Regional Dynamics
    8.3 North America Virtual Payment (POS) Terminals Market Overview
    8.4 North America Virtual Payment (POS) Terminals Market Analysis, by Solutions, 2019 and 2027
        8.4.1 Software Platform
            8.4.1.1 Device Based
            8.4.1.2 Web Based
        8.4.2 Professional Services
    8.5 North America Virtual Payment (POS) Terminals Market Analysis, by Industry, 2019 and 2027
        8.5.1 Retail
        8.5.2 Warehouse
        8.5.3 Hospitality
        8.5.4 Consumer Electronics
        8.5.5 Food & Beverage
        8.5.6 Health Care
        8.5.7 Entertainment
        8.5.8 Others
    8.6 North America Virtual Payment (POS) Terminals Market Forecast, by Solutions, 2017-2027
    8.7 North America Virtual Payment (POS) Terminals Market Forecast, by Industry, 2017-2027
    8.8 North America Virtual Payment (POS) Terminals Market Share Analysis, by Country/Sub-region, 2018 & 2027
    8.9 North America Virtual Payment (POS) Terminals Market Forecast, by Country/Sub-region
        8.9.1 U.S.
        8.9.2 Canada
        8.9.3 Rest of America
Chapter 9 Europe Virtual Payment (POS) Terminals Market Analysis
    9.1 Key Trend Analysis
    9.2 Regional Dynamics
    9.3 Europe Virtual Payment (POS) Terminals Market Overview
    9.4 Europe Virtual Payment (POS) Terminals Market Analysis, by Solutions, 2019 and 2027
        9.4.1 Software Platform
            9.4.1.1 Device Based
            9.4.1.2 Web Based
        9.4.2 Professional Services
    9.5 Europe Virtual Payment (POS) Terminals Market Analysis, by Industry, 2019 and 2027
        9.5.1 Retail
        9.5.2 Warehouse
        9.5.3 Hospitality
        9.5.4 Consumer Electronics
        9.5.5 Food & Beverage
        9.5.6 Health Care
        9.5.7 Entertainment
        9.5.8 Others
    9.6 Europe Virtual Payment (POS) Terminals Market Forecast, by Solutions, 2017-2027
    9.7 Europe Virtual Payment (POS) Terminals Market Forecast, by Industry, 2017-2027
    9.8 Europe Virtual Payment (POS) Terminals Market Share Analysis, by Country/Sub-region, 2018 & 2027
    9.9 Europe Virtual Payment (POS) Terminals Market Forecast, by Country/Sub-region
        9.9.1 Germany
        9.9.2 France
        9.9.3 U.K.
        9.9.4 Rest of Europe 
Chapter 10 Asia Pacific Virtual Payment (POS) Terminals Market Analysis
    10.1 Key Trend Analysis
    10.2 Regional Dynamics
    10.3 Asia Pacific Virtual Payment (POS) Terminals Market Overview
    10.4 Asia Pacific Virtual Payment (POS) Terminals Market Analysis, by Solutions, 2019 and 2027
        10.4.1 Software Platform
            10.4.1.1 Device Based
            10.4.1.2 Web Based
        10.4.2 Professional Services
    10.5 Asia Pacific Virtual Payment (POS) Terminals Market Analysis, by Industry, 2019 and 2027
        10.5.1 Retail
        10.5.2 Warehouse
        10.5.3 Hospitality
        10.5.4 Consumer Electronics
        10.5.5 Food & Beverage
        10.5.6 Health Care
        10.5.7 Entertainment
        10.5.8 Others
    10.6 Asia Pacific Virtual Payment (POS) Terminals Market Forecast, by Solutions, 2017-2027
    10.7 Asia Pacific Virtual Payment (POS) Terminals Market Forecast, by Industry, 2017-2027
    10.8 Asia Pacific Virtual Payment (POS) Terminals Market Share Analysis, by Country/Sub-region, 2018 & 2027
    10.9 Asia Pacific Virtual Payment (POS) Terminals Market Forecast, by Country/Sub-region
        10.9.1 India
        10.9.2 China
        10.9.3 Japan
        10.9.4 Rest of Asia Pacific 
Chapter 11 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Analysis
    11.1 Key Trend Analysis
    11.2 Regional Dynamics
    11.3 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Overview
    11.4 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Analysis, by Solutions, 2019 and 2027
        11.4.1 Software Platform
            11.4.1.1 Device Based
            11.4.1.2 Web Based
        11.4.2 Professional Services
    11.5 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Analysis, byIndustry, 2019 and 2027
        11.5.1 Retail
        11.5.2 Warehouse
        11.5.3 Hospitality
        11.5.4 Consumer Electronics
        11.5.5 Food & Beverage
        11.5.6 Health Care
        11.5.7 Entertainment
        11.5.8 Others
    11.6 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Forecast, by Solutions, 2017-2027
    11.7 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Forecast, by Industry, 2017-2027
    11.8 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Share Analysis, by Country/Sub-region, 2018 & 2027
    11.9 Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Forecast, by Country/Sub-region
        11.9.1 GCC
        11.9.2 South Africa
        11.9.3 Rest of Middle East & Africa (MEA) 
Chapter 12 South America Virtual Payment (POS) Terminals Market Analysis
    12.1 Key Trend Analysis
    12.2 Regional Dynamics
    12.3 South America Virtual Payment (POS) Terminals Market Overview
    12.4 South America Virtual Payment (POS) Terminals Market Analysis, bySolutions, 2019 and 2027
        12.4.1 Software Platform
            12.4.1.1 Device Based
            12.4.1.2 Web Based
        12.4.2 Professional Services
    12.5 South America Virtual Payment (POS) Terminals Market Analysis, by Industry, 2019 and 2027
        12.5.1 Retail
        12.5.2 Warehouse
        12.5.3 Hospitality
        12.5.4 Consumer Electronics
        12.5.5 Food & Beverage
        12.5.6 Health Care
        12.5.7 Entertainment
        12.5.8 Others
    12.6 South America Virtual Payment (POS) Terminals Market Forecast, by Solutions, 2017-2027
    12.7 South America Virtual Payment (POS) Terminals Market Forecast, by Industry, 2017-2027
    12.8 South America Virtual Payment (POS) Terminals Market Share Analysis, by Country/Sub-region, 2018 & 2027
    12.9 South America Virtual Payment (POS) Terminals Market Forecast, by Country/Sub-region
        12.9.1 Brazil
        12.9.2 Rest of South America 
Chapter 13 Company Profiles
    13.1 Competition Matrix
    13.2 Competitive Landscape: Virtual Payment (POS) Terminals Market Positioning of Key Players, 2018
    13.3 Cisco Systems, Inc.
        13.3.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.3.2 Market Presence, By Segment and Geography
        13.3.3 Strategic Overview
        13.3.4 Key Competitors
        13.3.5 Historical Revenue
    13.4 Fujian Newland Payment Technology Co., Ltd. 
        13.4.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.4.2 Market Presence, By Segment and Geography
        13.4.3 Strategic Overview
        13.4.4 Key Competitors
    13.5 Ingenico Group
        13.5.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.5.2 Market Presence, By Segment and Geography
        13.5.3 Strategic Overview
        13.5.4 Key Competitors
        13.5.5 Historical Revenue
    13.6 NCR Corporation
        13.6.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.6.2 Market Presence, By Segment and Geography
        13.6.3 Strategic Overview
        13.6.4 Key Competitors
        13.6.5 Historical Revenue
    13.7 NEC Corporation
        13.7.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.7.2 Market Presence, By Segment and Geography
        13.7.3 Strategic Overview
        13.7.4 Key Competitors
        13.7.5 Historical Revenue
    13.8 Panasonic Corporation
        13.8.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.8.2 Market Presence, By Segment and Geography
        13.8.3 Strategic Overview
        13.8.4 Key Competitors
        13.8.5 Historical Revenue
    13.9 PAX Technology 
        13.9.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.9.2 Market Presence, By Segment and Geography
        13.9.3 Strategic Overview
        13.9.4 Key Competitors
    13.10 Samsung Electronics Co., Ltd.
        13.10.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.10.2 Market Presence, By Segment and Geography
        13.10.3 Strategic Overview
        13.10.4 Key Competitors
        13.10.5 Historical Revenue
    13.11 Shenzhen Xinguodu Technology Company Ltd.
        13.11.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.11.2 Market Presence, By Segment and Geography
        13.11.3 Strategic Overview
        13.11.4 Key Competitors
    13.12 Squirrel Systems
        13.12.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.12.2 Market Presence, By Segment and Geography
        13.12.3 Strategic Overview
        13.12.4 Key Competitors
    13.13 Toshiba Corporation
        13.13.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.13.2 Market Presence, By Segment and Geography
        13.13.3 Strategic Overview
        13.13.4 Key Competitors
        13.13.5 Historical Revenue
    13.14 VeriFone Systems Inc.
        13.14.1 Company Details (HQ, Foundation Year, Employee Strength)
        13.14.2 Market Presence, By Segment and Geography
        13.14.3 Strategic Overview
        13.14.4 Key Competitors
        13.14.5 Historical Revenue

List of Tables

1. Executive Summary - Competition Blueprint
2. World GDP Indicator - For Top 20 Economies 
3. Pricing Options of Virtual POS
4. PESTEL Analysis - Global Virtual Payment (POS) Terminals Market
5. Value Chain Analysis - Key Participants’ Market Presence (Intensity Map), by Region
6. Competitive Scenario and Trends - Mergers & Acquisitions, Expansions
7. Global Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Solutions, 2017–2027
8. Global Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Region, 2017–2027
9. North America Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Solutions, 2017–2027
10. North America Virtual Payment (POS) Terminals Market Value (US$ Bn) Forecast, by Industry, 2017–2027
11. North America Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Country/Sub-region, 2017-2027
12. Europe Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Solutions, 2017–2027
13. Europe Virtual Payment (POS) Terminals Market Value (US$ Bn) Forecast, by Industry, 2017–2027
14. Europe Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Country/Sub-region, 2017-2027
15. Asia Pacific Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Solutions, 2017–2027
16. Asia Pacific Virtual Payment (POS) Terminals Market Value (US$ Bn) Forecast, by Industry, 2017–2027
17. Asia Pacific Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Country/Sub-region, 2017-2027
18. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Solutions, 2017–2027
19. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Value (US$ Bn) Forecast, by Industry, 2017–2027
20. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Country/Sub-region, 2017-2027
21. South America Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Solutions, 2017–2027
22. South America Virtual Payment (POS) Terminals Market Value (US$ Bn) Forecast, by Industry, 2017–2027
23. South America Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, by Country/Sub-region, 2017-2027
24. Competition Matrix

List of Figures

1. Research Methodology
2. Global Virtual Payment (POS) Terminals Market Size (US$ Bn) Forecast and Y-o-Y Growth (%), 2017–2027
3. North America Virtual Payment (POS) Terminals Market Abstract - Market growth
4. North America Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Solutions, 2018
5. North America Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Industry, 2018
6. North America Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Country/Sub-region, 2018
7. Europe Virtual Payment (POS) Terminals Market Abstract - Market growth
8. Europe Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Solutions, 2018
9. Europe Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Industry, 2018
10. Europe Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Country/Sub-region, 2018
11. Asia Pacific Virtual Payment (POS) Terminals Market Abstract - Market growth
12. Asia Pacific Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Solutions, 2018
13. Asia Pacific Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Industry, 2018
14. Asia Pacific Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Country/Sub-region, 2018
15. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Abstract - Market growth
16. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Solutions, 2018
17. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Industry, 2018
18. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Country/Sub-region, 2018
19. South America Virtual Payment (POS) Terminals Market Abstract - Market growth
20. South America Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Solutions, 2018
21. South America Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Industry, 2018
22. South America Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Country/Sub-region, 2018
23. Gross Domestic Product (GDP) per Capita; Analysis (US$ Tn), By Major Countries, 2012-2017
24. Global ICT Spending (US$ Bn)
25. Number of Global Non-Cash Transactions (Bn), by Region, 2017-2021 
26. Porter’s Analysis 
27. Retail E-Commerce Sales (US$ Bn)
28. Value Chain Analysis 
29. Global Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast, 2017–2027
30. Global Virtual Payment (POS) Terminals Market Attractiveness, by Region, 2018-2027
31. North America Virtual Payment (POS) Terminals Market Attractiveness, by Country/Sub-region, 2018-2027
32. Europe Virtual Payment (POS) Terminals Market Attractiveness, by Country/Sub-region, 2018-2027
33. Asia Pacific Virtual Payment (POS) Terminals Market Attractiveness, by Country/Sub-region, 2018-2027
34. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Attractiveness, by Country/Sub-region, 2018-2027
35. South America Virtual Payment (POS) Terminals Market Attractiveness, by Country/Sub-region, 2018-2027
36. Global Virtual Payment (POS) Terminals Market Attractiveness, by Solutions, 2018-2027
37. Global Virtual Payment (POS) Terminals Market Attractiveness, by Industry, 2018-2027
38. North America Virtual Payment (POS) Terminals Market Attractiveness, by Solutions, 2018-2027
39. North America Virtual Payment (POS) Terminals Market Attractiveness, by Industry, 2018-2027
40. Europe Virtual Payment (POS) Terminals Market Attractiveness, by Solutions, 2018-2027
41. Europe Virtual Payment (POS) Terminals Market Attractiveness, by Industry, 2018-2027
42. Asia Pacific Virtual Payment (POS) Terminals Market Attractiveness, by Solutions, 2018-2027
43. Asia Pacific Virtual Payment (POS) Terminals Market Attractiveness, by Industry, 2018-2027
44. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Attractiveness, by Solutions, 2018-2027
45. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Attractiveness, by Industry, 2018-2027
46. South America Virtual Payment (POS) Terminals Market Attractiveness, by Solutions, 2018-2027
47. South America Virtual Payment (POS) Terminals Market Attractiveness, by Industry, 2018-2027
48. Global Virtual Payment (POS) Terminals Market Revenue Share (%), by Solutions, 2018
49. Global Virtual Payment (POS) Terminals Market Revenue Share (%), by Industry, 2018
50. Global Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Solutions, 2018 and 2027
51. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Software Platform, 2017–2027
52. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Services, 2017–2027
53. Global Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Industry, 2018 and 2027
54. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Retail, 2017–2027
55. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Warehouse, 2017–2027
56. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Hospitality, 2017–2027
57. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Consumer Electronics, 2017–2027
58. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Food & Beverage, 2017–2027
59. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Health Care, 2017–2027
60. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Entertainment, 2017–2027
61. Global Virtual Payment (POS) Terminals Market, Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), by Others, 2017–2027
62. Global Virtual Payment (POS) Terminals Market Revenue Share Analysis, by Region, 2018 and 2027
63. North America Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), 2017–2027
64. North America Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2019)
65. North America Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2027)
66. North America Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2019)
67. North America Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2027)
68. North America Virtual Payment (POS) Terminals Market, Revenue Share Analysis, by Country/Sub-region, 2018 & 2027
69. Europe Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), 2017–2027
70. Europe Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2019)
71. Europe Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2027)
72. Europe Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2019)
73. Europe Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2027)
74. Europe Virtual Payment (POS) Terminals Market, Revenue Share Analysis, by Country/Sub-region, 2018 & 2027
75. Asia Pacific Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), 2017–2027
76. Asia Pacific Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2019)
77. Asia Pacific Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2027)
78. Asia Pacific Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2019)
79. Asia Pacific Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2027)
80. Asia Pacific Virtual Payment (POS) Terminals Market, Revenue Share Analysis, by Country/Sub-region, 2018 & 2027
81. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), 2017–2027
82. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2019)
83. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2027)
84. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2019)
85. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2027)
86. Middle East & Africa (MEA) Virtual Payment (POS) Terminals Market, Revenue Share Analysis, by Country/Sub-region, 2018 & 2027
87. South America Virtual Payment (POS) Terminals Market Revenue (US$ Bn) Forecast and Y-o-Y Growth (%), 2017–2027
88. South America Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2019)
89. South America Virtual Payment (POS) Terminals Market Share Analysis, by Solutions (2027)
90. South America Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2019)
91. South America Virtual Payment (POS) Terminals Market Share Analysis, by Industry (2027)
92. South America Virtual Payment (POS) Terminals Market, Revenue Share Analysis, by Country/Sub-region, 2018 & 2027
93. Competitive Landscape: Virtual Payment (POS) Terminals Market Positioning of Key Players, 2018

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Virtual Payment Point Of Sale (POS) Terminals Market